I hope that I can contribute to the community here!

The financial returns are just table stakes, and it's >50% about creating and contributing something and having an impact on a place. 

We operate under an LLC with a well written agreement so everyone understands their roles, responsibilities and financial contributions.

So if the percentage is based on the contribution from each partner, then the partner that puts up the 20% should be out of the picture once they get their money back...plus whatever agreed upon profit they were looking for...or at least they should have their percentage dropped, since their participation ended.Keep in mind, the participation from the other partners, that are responsible for all the rest of the continuing work, goes on, and on, and on, ane....

Hi @Carlos Julio, I think the cleanest and simplest solution would be to form a new LLC owned by both of you and show that money as a coNtribution to the business.  

If the property is not livable, can the township condemn the property and potentially contribute to rebuilds?

I was unsure why it would show as having had no contributions for that tax year.

Thanks for your help. that’s really up to you and your other equity investor but generally you’re going to want to compensate yourself for real value contributed at an appropriate level through a development fee of 3-5% and then divide the profits and equity Parí Passu.  

I just want to say thank you to all who contribute their information and experiences and take the time to help others.

Realize they serve 2 diff purposes:1) LLC is to limit a claimants recourse to your assets and passes thru income to the end entity2) S-Corps are the end entity and are used to reduce taxes (like FICA) and W-2 amounts by providing more generous benes (like retirement contributions) to "employees" as long as all are treated equally.DISCLOSURE - AM NOT A CPA OR TAX PROFESSIONAL.